Funding elderly care and later life can be complex, expensive and unpredictable as needs change. This section includes information about all the care funding options available.
Where care needs are social (assistance with daily living) and individual assets are below £23,250, the local authority will assess which one of three categories your parent may fall into in terms of care.
When you look after a parent with a health condition, who now requires continual care, you may not know where to turn.
Historically, an annuity was bought at the point of retirement with a lump sum saved into a defined contribution pension.
A Deferred payment agreement is an arrangement with the local authority that lets people use the value of their homes to help pay care home costs.